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Trianglepattren

USD/CHF ShortHello Everyone, This is my first Analysis being published. This is what I analyse from my point of view. The currency is FX:USDCHF Weekly timeframe: In the weekly timeframe I noticed a triangle ascending pattern. I'm predicting that this triangle ascending pattern will become a continuation pattern. Also the 200 Moving Average is showing resistance to the candlesticks. Daily timeframe: As for the daily timeframe, I also noticed a triangle ascending pattern. Hourly timeframe: In the 4 hourly timeframe I noticed a bullish channel. But I noticed that the pattern starts to break, and so I do not think that the trend will continue. Minutes timeframe: In the 30 Minutes timeframe I noticed a bearish resistance line in the RSI. That's all I had seen from the chart, I hope my first Idea can help you. And please give feedback if I have a flaw in my analysis.
Short
by Hypebert
Bullish flag/pennant on GOLD. Possible sharp reversal.As we can see, the good ol' Dollar is THRASHING the yellow metal (GOLD). But as our analysis indicates to us, the Greenback's reign won't last for long as we can see that it is currently approaching the pennant/triangle support line/zone. With that being said, I believe that once the price tests our support line, we can expect a strong bullish movement and possibly even a breakout to the upside. I am currently bearish on the pair just until it hits the support line or somewhere near there. After that I'll be joining the bullish movement until it breaks the pennant resistance line. Alternatively, you can wait for the consolidation to fade out, in that case you will have to wait for a downward or upward breakout before entering a trade. HAPPY TRADING!
OANDA:XAUUSDLong
by WandileM